Stocks Slip on Light Volume Amid Steel Wage Talks
New York markets show subdued demand with prices easing slightly and no heavy losses. Turnover runs about 650000 shares as traders await steel wage dispute outcomes and the British problems conference. Barnsdall Oil falls on merger plan with Ogden Corp. American Telephone trades higher by roughly half a point.
MENTIONED IN THIS ARTICLE
New York
Barnsdall Oil
Ogden Corp
Atlas Corporation
American Telephone
Bond & Share Eyes Investment Status
Bond and Share, based in New York, seeks to convert from a public utility holding company to an investment company. The plan, filed with the SEC as a substitute for 1945 proposals, aims to dispose of most holdings except American and Foreign Power, United Gas, and Ebasco Services, to free capital for non-utility investments. Company leaders Calder and Walker say the move could boost stockholder value and earnings, with tax advantages and a projected 25 to 30 million dollars available after debt payments. The plan awaits SEC approval and court action before stockholder vote.
MENTIONED IN THIS ARTICLE
New York
Securities, and Exchange Commission
SEC
Bond and Share
American and
Foreign Power
United Gas Corporation
Ebasco Services, Inc
Curtis E. Calder
George C. Walker
NEW_ YORK
Dayton
Pantepec Oil
Parker Pen
Fairchild
Fans M
Pioneer Gold
Ford Met Ltd
Ney Bowes
Sted Ex St
Alum Ltd
Yell GM
Alum_ Co Am
P&lb Am
Midfield Conlen
Maracaibo
Ryan Aero Am Republics
Hecla Min
Schulte DA
Humble Oil
Ark Nat Gas
Solar Mig
Kingston Prod
Atlas Corp War
Barium Bell
Braz Tr Ter These Corp
Mid St
Mid West Corp
Bunk Hill
Mount St
T&t
Utah
Idaho
Wright Har
New Park
East
G&e
Grains Gain as Nearby Contracts Lead Market
Chicago grain prices moved higher led by nearby wheat and corn contracts. Wheat benefited from stronger cash basis in Minneapolis and mill buying. corn gained on cash market activity and light new crop offerings. Soybeans saw limited offerings, with October-November bids up a cent.
MENTIONED IN THIS ARTICLE
Chicago
Minneapolis
Ilinois
Indiana
Board of Trade
Mine Bureau Reorganizes Across Regions
The 39 year old Bureau of Mines begins regional reorganization. Harold P. Greenwald becomes director of the northeastern region with Pittsburgh headquarters. Additional regional HQs planned at Juneau Alaska Albany Oregon San Francisco California Denver Colorado Minneapolis Minnesota Bartlesville Oklahoma and Tuscaloosa Alabama. J H Hedges named chief of the Minerals Division at Tucson Arizona.
MENTIONED IN THIS ARTICLE
Washington
Bureau of Mines
Harold P. Greenwald
Pittsburgh Central Experiment Station
Bureau
Pittsburgh
Juneau
Alaska
Albany
Ore
San Francisco
Calif
Denver
Colo
Minneapolis
Minneapolis, Minn.; Bartlesville, Okla., and Tuscaloosa, Ala. J. H. Hedges
Southwest Experiment Station
Tucson
Ariz
Metals Prices Report From New York Market
Metals rundown from New York on September 6 notes smelters pricing for delivery and various regional bids. Details are fragmented but indicate standard per pound rates with adjustments for FAS New York and other delivery terms. Local and foreign cash prices appear with nominal differentials and several city or regional references implied.
MENTIONED IN THIS ARTICLE
New York
Louis
Turpentine Market Report from Savannah GA
Turpentine in Savannah on September 6 shows 38 percent offerings and sales none. Receipts reach 613, shipments 31, stocks 10 747, reflecting active trade and ample inventory in the region.
MENTIONED IN THIS ARTICLE
Turpentine
Savannah
Livestock prices mixed across regional markets
LA market reports show cattle salable around 5,100 with steers and heifers scarce but demand steady to strong for fat cattle. Prices for fed steers hover around 23 to 24.75 while fat cows and medium to low good stockers trade mixed. Calves, lambs, and hogs also listed with varied bids, reflecting inventory levels and regional demand in Los Angeles Kansas City and Chicago summaries.
MENTIONED IN THIS ARTICLE
Los Angeles
Nsas City
USDA
Oun 6
State Copper Output Slips 9 Per Cent
Copper mine production fell 7 percent in July to 57 034 tons, continuing a decline since March. Nevada led the drop with 42 percent, Arizona down 9 percent, Montana 6 percent, and Utah 3 percent, with July outputs by state listed in tons.
MENTIONED IN THIS ARTICLE
Washington
Bureau of Mines
Bureau
Nevada
Arizona
Montana
Utah
New Mexico
Colorado
Idaho
California
Michigan
Missouri
Mississippi
Cotton Futures Market Steady in Early September Trading
New York reports cotton futures turning steady then strong as textile mill buying increases and hedging stays light. Weather disruptions in the Eastern belt aided movement, with last prices 60 cents to 1.30 higher. midmonth futures show gains across contracts.
MENTIONED IN THIS ARTICLE
New York
Undertone
Foreign Exchange Rates Move on Various Currencies
New York sept 6 foreign exchange rates list the Canadian dollar at 95.12 U S cents with a slight rise, Great Britain pound at 4.02 dollars and futures for 30 60 and 90 days show minor gains. France franc and Italy lira remain steady while Sweden krona and Mexico peso hold unchanged.
MENTIONED IN THIS ARTICLE
Foreign Exchange
New York
Great Britain
U._S
Europe
Grey Britain
France
Italy
Lira
Cnet
Sweden
Cixen
Brazil
Mexico
Bevin to Seek U S Help on Far East Burden at Washington
London reports that Foreign Secretary Bevin will urge President Truman and Secretary Acheson at the Washington conference that Britain cannot bear its Far East expenditures alone. He is expected to push for closer Anglo American political and economic cooperation to check communism and support China policy.
MENTIONED IN THIS ARTICLE
London
Britain
United States
Washington
America
Far East
Ernest Bevin
Dean Acheson
Bevin
Truman
Greece
Turkey
India
Pakistan
Ceylon
Malaya
Hong Kong
China
Rail bond trading quiet amid mixed corporate issues
New York reports light demand for railroad loans with dull dealings in the corporate list. Some rail issues firmed while others slipped, volumes steady near weekly norms, and tax exempt state and municipal bonds dominate this curtailed financing week.
MENTIONED IN THIS ARTICLE
New York
Illmore
Ohio
Great Northern
New Orleans
Texas
WLEX
Cossie
Pennsylvania
Santa Fe Railroad
Canadian National
New York Central
Western Electric
Cheeapeace Ohio
Pacific Gas Electric
Chicago, Rock Island & Pacific Railroad
Stock exchange pricing codes explained in brief
A compact note outlines abbreviations for ex rights, ex dividend, stock div ident terms and cash value rules. It explains payable in stock or cash, terms for dividends in arrears, and the timing of declarations with coded letters such as a b e h i and numeric markers for 1950 or stock payment dates.
MENTIONED IN THIS ARTICLE
H-B& Stock- Ee
Drop In New Home Prices From Contractor Survey
A United Press spot survey of 22 cities finds the average five room frame house price at about 9 090 dollars not including the lot, with Chicago and Louisville near 12 000 and Oklahoma City about 6 800. Builders expect little price relief next year, citing high wages and material costs, while slum clearance and government housing could push some prices higher. several builders in Louisville have quit projects due to costs.
MENTIONED IN THIS ARTICLE
United Press
Chicago
Louisville
Oklahoma City
Milwaukee
Roland J. Teske
Local Builders’ Association
Dallas
Tex
W. James Mitchell
Minneapolis
Madison
Wis
New York
Des Moines
Springfield
Omaha
Miami
Indianapolis
Kansas City
Washington
Salt Lake City
Seattle
Columbus
Ohio
San Francisco Bay Area
San Francisco
St. Louis
Los Angeles
Atlanta
House Sales Show Gains Amid Confidence Return
The National Association of Real Estate Boards said home sales rose in 19 of 22 cities surveyed over the past 30 to 60 days. Agents cited renewed buyer confidence and expectations that prices would not plunge sharply as factors.
MENTIONED IN THIS ARTICLE
New York
INS
National Association of Real Estate Boards
Chicago and Los Angeles Poultry and Egg Prices Report
CHICAGO and LOS ANGELES market notes show live poultry and eggs steady or firm. Fowl and eggs hold despite receipts of 29 trucks and 10,074 units respectively, with prices mostly unchanged though some items rise by a cent or two. Notable figures include fowl 24.5 27.5 FOB, eggs wholesale AA 56-58, consumer large AA 63-67, and butter around 66-68 per carton.
MENTIONED IN THIS ARTICLE
Ay Pratt
Chicago
USDA
U. S
Los Angeles
Wool Market News From New York and Boston
Wool tops futures rose on short covering amid Boston raw wool strength with about 120000 pounds sold. Futures closed modestly higher or steady with October at 123.58 and December at 161.0B while certificated wool spots traded around 130.5N and spot wool tops at 172.0N amid global market activity.
MENTIONED IN THIS ARTICLE
New York
Boston
Trend of Staples Wholesale Price Index Advances
The Associated Press reports the weighted wholesale price index for 3 commodities rose to 157.77. Previous figures show 157.12 for Sar, 155.61 for the prior week, and 17,948 for the year. high 1713 at 208.1, low 150.05, with 1926 average set at 100.
MENTIONED IN THIS ARTICLE
NEW_ YORK
Close
N. N
Pepsi-Cola
PetrolCorp
Alleghany
PittSc&Bo
PittSteel St
FloridaPw
PublickerIndif
Ms Radio
Kor
AmHide
Lez
GenBak
Rayonier
ReevesBrosla i
GenCi
AmRadStSla
GnCutAdyv
GenGenPbUtil
Richfieldo
AmTel&Te
GenteRubla
Rob-Fulc
GoodaliSanfl
Safeway
tAnac
GrahamPaige
tSafewy
Simmons
Ohio Bay
HersheyChl
SinclairOil
Bangor
Socae
Houston
SoCalEdis
Belli&Howl
Hudson
Ty ‘ SoNatGas
Boei Airplyz i
Bohn l&Br
Interlakel
Promisa
Sap Eeillet Ys
Carop&l2
Kencott
Textron
UnionPacda
Chiri
LorillardPlabe
TnntedCorp
MackTrucks
Macy MagmaCop
Magnavox
Clinton
McKess&r
MeadCord
U Merck&Cal
VaEl
YorkCorp
Ncontainr
ZenithRadi'sz
Ponaltty
NorthPac
Staples
New York
Associated Press
Holiday Reduces Output of Steel
The American Iron and Steel Institute says steel mills will operate at 84.2 percent of capacity this week, down from 86.3 last week and 82.3 a month ago, due to Labor Day observances in some plants. Last year the rate was 94.5 percent.
MENTIONED IN THIS ARTICLE
New York
American Iron and Steel Institute
Weather Forecast for Phoenix Area in 1949
Variable clouds and warm humidity with scattered afternoon thunderstorms mainly over mountains. High near 105 and a low around tomorrow’s thunderstorms. Central and portions today see mild showers with little temperature change. winds from the southwest, with brief stronger gusts in thunderstorm zones. Temperature excess and rainfall amounts are noted, with Phoenix Airport data showing humidity and wet bulb readings at several times.
MENTIONED IN THIS ARTICLE
Phoenix
Atlanta
Blythe
Nashvill
Boise
Needles
Arizona
Moreton
Norl
Ans
Nsvil
NY City
Butt
Okla City
Charle
Omaha
Ch'yenne
Payson
Chitaog
Philadel
C'cinnati
Cleveland
Airport
Enver
Dodie Cas
Port
Gm Fa
Douglas
Prescott
Paso
Raleten
Argo
St. Lomits
FtWorth
Salinas
Fresno
S _L City
G Canyon
Santonio
Indapolis
S. Diego
S.frisco
Kan City
Seattle
Tucson
T Rock
Winslow
Edford
Yuma
L. R. Jarwitz
Oenix U. S. Weather Bureau
Water storage and flow figures from reservoirs report
Totals show stored water 2 001 715 acre feet and net stored 610 620 acre feet with 222 541 acre feet re stored water for year. Net loss in 24 hours 3 969 acre feet. Water diverted high volumes to Southside and Northside uses 28 720 and 67 640 miner s inches respectively. At Granite Reef 4 778 acre feet pumped 1 314 acre feet . lake Pleasant reservoir reports 5 256 acre feet current net storage 25 acre feet pumped 222 acre feet.
MENTIONED IN THIS ARTICLE
Miner's
Miner’s
Granite Reef
Lake Pleasant Reservoir Caer
Births Reported at Local Hospitals
Birth notices list new arrivals at Good Samaritan and St. Monica’s hospitals including Soh B at 1217 En Fairmont, Saul Hu at 1520 East Oak, David E. Jon at 4015 West Coronado, Peter Megyesi at 2222 North 23rd Place, Paw Redfern at 3701 West Moreland, Grant Shreen of Scottsdale, A Henry Smith at 2947 East Washington, Dick Williams of Buckeye, Delbert Norton at 2529 Cheery Lynn, Richard Simons at 2037 North Rieland, G J Rney at Glendale, Krantora Ard at Peoria, Andrew Ro at 514 East Bel, Milford Nett at 1820 West Avenue, Thomas Mondson at East Street, Joseph Sen at 1621 North 48th, Donald Mahon at 6045 South Tal, John Billamas at 1926 East Sherman, Mitchell Saba at 849 West Taril, Vernon Silves Route 2 Box 316, James K Young at 5102 North 12th, Leonard Robles Route 11 Box 1152, and others with twins and single births noted.
MENTIONED IN THIS ARTICLE
Good Samaritan Hospital
Haldiman
Soh B
Fairmont Avenue
HU Saul
East Oak Street
Jon David E
West
Coronado Road
Megyesi
Peter
North 23Rd Place
Redfern
Paw
West Moreland Street
Shreen Grant
Scottsdale
Smith
A. Henry
East Washington Street
Williams
Buckeye
McDowell Hospital
Norton
Delbert
Cheery Lynn Road
Simons
Richard
North Rieland Street
RNEY
G. J
Glendale
Krantora
Peoria
Wro- Andrew
East Bel Avenue
ST. Joseph’s Hospital
Mnett
Milford
West Avenue
Mondson
Thomas
Rillamas
John
East Sherman Street
Saba
Mitchell
West Taril Drive
Silves
Vernon
Young
James K
North 12Th Avenue
ST. Monica’s Hospital Robles
Leonard
Phoenix Republic and Gazette circulation rates overview
Subscriptions offered for multiple periods with advance payment and dealer options in Arizona. The notice lists mailing addresses in Phoenix and branch offices, inviting readers to contact circulation for subscriptions and carrier arrangements.
MENTIONED IN THIS ARTICLE
Arizona
Republice
Republic
Aneanie
Alliance Direct
Also Mentioned on This Page
Bond & Share Eyes
Mine Bureau
Alf
Eapolis
Ana H. To
St Ur
Rived
O Sales
Ane
Ely
Beck and Company
W. Adams
Ssaugi
Southern Company
Benton M. Lee & Company Investment Securities Security
Local Securities
Bank of Douglas
First Nationa’ x Dle Bank
Phx
Ome National 'Pam
Aceon Edison Co A
C En Ariz En Ariz Pi
Cen Ariz L&p
Elep
Indus
Flour Mills
Southwest Lumber ‘Mills Goldwaters Incorporated
Dow-Jones
FE. F. Hutton and Company
Tneh
A. L. Bradford
N. Y
Rai Util
Investment Trusts
Oenix Committee
The
National Association of Securities
Ers
American Business
Boston Fun
Bullock Fund
Chemical Fund
Commonwealth Inv
Incorporat Nv
Mass. Inv. Trust
Putnam Fun
Eas Fun
Amer
Conner, Zinc
Teske
H. C. Cunningham Agent
State Mutual Building and Loan Association
East Garfield
A. Bryseer
W. Monroe
R. E. Willentt
Stan Benson
Phem
Holiday
Mont
Fir
Gstre
Republic and Gazette Phoenix Newspapers, Inc
East van Buren
Glendal
Main St
Kain ‘Peneain
Reere Phone
Phoenix Gazette
Gia
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